The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share, an increase of 1 cent per share. The dividend is payable on Sept. 2, 2008, to shareholders of record as of Aug. 15, 2008. It will be the 345th consecutive dividend paid on the common stock of the company.


About The Timken Company

The Timken Company (NYSE: TKR, www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

Other News:
Timken Increases Quarterly Dividend to 18 Cents
UK Pecision Bearing Maker Records 40% Growth
SKF Announces Change in the Total Number of Votes in the Company
RBC Bearings Inc More Shares Bought by Parametric Portfolio Associates
Igus Introduces New Lightweight Linear Actuator with Small Mounting Height
Agreement on Regarding Transfer of the Stepping Motor Business of FDK Corporation to Minebea Co., Ltd.
Minebea Tumbles Most in 33 Years on Bearing Maker's Profit Drop
The Spyraflo FSP-12M Self-clinching Self-aligning Teflon-bronze Bearing